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17.09.201811:21 Forex Analysis & Reviews: Forecast for GBP / USD as of September 17, 2018

Long-term review

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GBP / USD

Last Friday, the pound was under pressure from the strengthening of the US dollar and news that the Labor Party intends to vote against the government's Brexit project. But the decrease was small, 37 points, it could not change the technical picture, the price on the four-hour chart is still confidently above the balance line and the Kruzenshtern line. With the already double price convergence with the Marlin oscillator on H4, the situation tends to the fact that a three-fold convergence will form, the indicator lines Marlin unfolds upwards on H4. The price may rise to the level of 1.3212.

The decline may continue to support the balance line on the daily timeframe, to 1.2982, the level coincides with the high of September 5. Thus, in the range 1.2982-1.3212 there is a free wander of the price. At the same time, growth seems limited, and the decline has a medium-term outlook in line with the trend since mid-March (1.4376).

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